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Would you stop playing the lottery if you were restricted to Quick Picks?Reply
IOU means nothing. Someone else mentioned this, and I agree, that winning a jackpot and taking the annuity is taking a risk that the same thing could happen. 20 or 30 years is a long time and who knows what might happen to the money owed.
Aug 31, 2015, 8:38 am - rcbbuckeye - Lottery Discussion Forum

Lottery joke that was really cute wanted to share with everyoneReply
The joke will be on the ex-wife when she finds out she has to split the JP since she won while they were still married. I have a lottery joke: A Texas Aggie (we're big on Aggie jokes here in Texas) won the lottery, but when he went to collect was told it would be paid in an annuity/in installments instead of one lump sum. That ain't right. declares the Aggie. Gimme my dollar back, then!
Aug 5, 2015, 4:43 pm - mikeintexas - Lottery Discussion Forum

Former lottery security employee guilty of rigging $14.3M drawingReply
The article says It's believed to be the first prosecution of a person accused of tampering with lottery equipment to manipulate a draw . However, this is not true. It happened twice in PA, back in 1980 with the famous triple 6's 3 digit draw and again in 1988 when a computer tech working for a lottery contractor programmed the a computer to print out a lottery ticket in a store where his friend worked for a $15.2 million lotto jackpot in the Super 7 drawing that was about to expire. The lottery
Jul 20, 2015, 6:32 pm - lottobrain - Lottery News

What do you do if you have a winning lottery ticket?Reply
I don't know how it is in other states, but the Texas Lottery website page HOW AND WHERE DO I CLAIM MY PRIZE? says this: Prizes over $2.5 million or prizes paid through an annuity - Please call to make an appointment for processing
Jul 11, 2015, 4:57 pm - mikeintexas - Lottery Discussion Forum

New $30 world class millions ticket here in IL.Reply
I enjoy buying a book of tickets here or there as well in Illinois. I was going to get some of these new tickets today so thanks for posting the odds. The break even prize odds is the same as the other $30 ticket Illinois offered. Buying a book of these tickets and outlaying $900 only has a projected expected value of getting $390 back unless you hit one of the bigger prizes above the $100. The odds on hitting a $500 winner are decent compared to other games. One question I have is the $15 milli
Jul 11, 2015, 11:59 am - kow1975 - Instant ("Scratch-Off") Games Forum

Powerball changing in October to generate bigger jackpotsReply
Those odds are still lower than Texas Lotto. The odds of winning a million dollars cash for both MM and PB are better than most state lotteries when they first start out. State lotteries usually start out with a million dollars annuity which has a cash value of a lesser amount with odds of 1:14M for a 6/49 game or worst until the jackpot have time to build up. I'm sure states would be happy if players chose their game instead of PB or MM but I doubt if that's going to happen.
Jul 9, 2015, 3:58 pm - RJOh - Lottery News

Mega Millions is rolling now $106 MillionReply
Cash jackpot is at 64.5 mil I doubt most people are wanting the annuity .
Jul 8, 2015, 10:14 am - pickone4me - Jackpot Games Forum

Wa State -- Lottery sales have been stopped July 01Reply
Excellent question. I sometimes think about taking the annuity for smaller jackpots. For instance I currently have tickets in Floridia and they say that the lottery invests the money in the name of the state and then the state board of administration releases the funds to the winner when the investment matures. My guess would be if everything was shut down you would not get your money. I think I am firmly in the cash camp again.
Jun 30, 2015, 12:07 am - LottoLucy - Lottery Discussion Forum

Beginning Jackpots...Reply
If you win the beginning MM jackpot, and take the annuity, your income for the next 30 years will be higher than 96% of American households. You may not be filthy rich, but as long as you don't get carried away, you should be able to live comfortably for the rest of your life.
Jun 4, 2015, 9:06 pm - Murgatroyd - Lottery Discussion Forum

Saw this picture and thought...Reply
What I cant understand is why anybody with a decent, large lottery win have ANY debt or mortgage/finance is beyond me. If they take the annuity, it can make sense. It would be perfectly reasonable for someone getting $2M a year to take out a mortgage on a $5M house. If they take the cash option, there's no excuse for debt.
Jun 1, 2015, 8:15 pm - Murgatroyd - Lottery Discussion Forum